Moncler Group | Annual Report 2024 Consolidated Financial Statements 398 Moncler Group | Annual Report 2024 Consolidated Financial Statements 399
The following tables summarise the weight of related-party
transactions on the Consolidated Financial Statements
as at and for the years ended 31 December 2024 and 2023:
EUR/000 31 December 2024
Revenue Cost of sales Selling expenses General and
administrative expenses
Total related parties 1,393(30,640)(2,818)(43,704)
Total Consolidated Financial Statements 3,108,924(682,367)(937,349)(351,656)
WEIGHT %0.0%4.5%0.3%12.4%
EUR/000 31 December 2024
Trade receivables Trade Payables Other current liabilities
Total related parties 383(11,783)(5,946)
Total Consolidated Financial Statements 326,382(540,914)(145,464)
WEIGHT %0.1%2.2%4.1%
EUR/000 31 December 2023
Trade receivables Trade Payables Other current liabilities
Total related parties 4,492(50,326)(7,334)
Total Consolidated Financial Statements 325,608(538,586)(152,912)
WEIGHT %1.4%9.3%4.8%
EUR/000 31 December 2023
Revenue Cost of sales Selling expenses General and
administrative expenses
Total related parties 1,399(33,417)(2,671)(39,593)
Total Consolidated Financial Statements 2,984,217(683,387)(868,062)(331,231)
WEIGHT %0.0% 4.9% 0.3% 12.0%
10.2 Stock-based compensation plans
The Consolidated Financial Statements at 31 December 2024
ref lects the values of the Performance Shares Plans approved
in 2020, 2022 and 2024.
The costs related to stock-based compensation plans
in 2024 are equal to EUR 47.0 million compared to EUR 40.0
million in 2023.
On 11 June 2020, the Ordinary Shareholders’ Meeting
approved, pursuant to Art. 114-bis of the Consolidated
La
w on Finance, the adoption of a Stock Grant Plan denominated
“2020 Performance Shares Plan” addressed to Executive
Directors, Key Managers, employees and collaborators, therein
including Moncler’s external consultants and of its subsidiaries.
The object of this plan is the free granting of the Moncler
shares in case certain Performance Targets are achieved at the
end of the vesting period of 3 years.
The Performance Targets are expressed based on the following
indexes of the Group in the vesting period, adjusted by the
conditions of over/under performance: (i) Net Income, (ii) Free
Cash Flow and (iii) ESG (Environmental Social Governance).
The proposed maximum number of shares serving the Plan
is equal to n. 2,000,000 resulting from capital increase and/or
allocation of treasury shares.
The above plan provides for a maximum of 3 cycles of
attribution; as regards the f irst attribution cycle, on 11 June 2020
the Board of Directors resolved the granting of 1,350,000
Moncler Rights. The second attribution cycle, approved during
2021, ended with the assignment of 463,425 Moncler Rights.
As regards the f irst allocation cycle the plan ended in 2023
and for further information please refer to 2023 Annual Report.
As regards the second allocation cycle:
•The 3-year vesting period ended with the approval
of the Draft Financial Statements as at 31 December 2023.
•The performance targets were met, together with the
over-performance condition. Therefore, n. 469,646 shares
(including n. 78,274 shares deriving from over-performance)
were assigned to the benef iciaries through a share capital
increase n 178281 shares and the allocation of treasury
shares n 291365 shares
As at 31 December 2024 there are no rights in circulation
the ef fect of the closed plans on the income statement in 2024
amounts to EUR 24 million
On 21 April 2022 the Ordinary Shareholders Meeting also
approved pursuant to Art 114bis of the Consolidated Law on
Finance the adoption of a Stock Grant Plan denominated 2022
Performance Shares Plan addressed to Executive Directors
Key Managers employees and collaborators therein including
Monclers external consultants and of its subsidiaries
The object of this plan is the free granting of the Moncler shares
in case certain Performance Targets are achieved at the end
of the vesting period of 3 years.
The Performance Targets are expressed based on the following
indexes of the Group in the vesting period, adjusted by the
conditions of over/under performance: (i) Net Income, (ii) Free
Cash Flow and (iii) ESG (Environmental Social Governance).
The proposed maximum number of shares serving the Plan
is equal to n. 2,000,000 resulting from allocation of treasury shares.
The above plan provides for a maximum of 3 cycles
of attribution. As regards the f irst attribution cycle, on 4 May
2022 the Board of Directors resolved the granting of 971,169
Moncler Rights. On 4 May 2023, executing the second attribution
cycle, the Board of Directors approved the assignment
of a maximum of 436,349 Moncler Rights.
As at 31 December 2024 there are still in circulation
863,727 rights related to the f irst cycle of attribution, whose ef fect
on the income statement in 2024 amounts to EUR 17.8 million
and 379,617 rights related to the second cycle of attribution, whose
ef fect on the income statement in 2024 amounts to EUR 9.8 million.
On 24 April 2024, the Ordinary Shareholders’ Meeting
approved, pursuant to Art. 114-bis of the Consolidated Law on
Finance, the adoption of a Stock Grant Plan denominated
“2024
Performance Shares Plan” addressed to Executive Directors,
Key Managers, employees and collaborators, therein including
Moncler’s external consultants and of its subsidiaries.
The object of the Plan is the free granting of the Moncler
shares in case certain Performance Targets are achieved
at the end of the vesting period of 3 years. The Performance
Targets are expressed based on the following indeces of
the Group in the vesting period, adjusted by the conditions
of over/under performance: (i) Net Income, (ii) Free Cash Flow
and (iii) ESG (Environmental Social Governance).
The proposed maximum number of shares serving the Plan is
equal to n. 2,000,000 resulting from allocation of treasury shares.
On 24 April 2024 the Board of Directors resolved the granting
of 1109219 Moncler Rights
As at 31 December 2024 there are in circulation 1051560
rights whose ef fect on the income statement in 2024 amounts
to EUR 145 million
As stated by IFRS 2 these plans are def ined as Equity Settled
For information regarding the performance share plans
described above please see the companys website
w w wmonclergroupcom in the GovernanceShareholders
Meeting section